I have a client who passed in Dec 2020 and I filed his final return 2021, in 2021 he received a small amount on T4AP for the 2021 tax season, widow has never asked to return this , do I have to file a T3 return for this?
please refer to:
"You have to file a T3 return if income from the trust property is subject to tax, and in the tax year, the trust:....
If the T4A(P) amount is for the death benefit, just put it on the wife's return. Otherwise, you need to figure out just why this money was received. If it was for money owing before the man died, then you might be able to get away with a "rights and things" return. Otherwise, the T3 is probably the safest route to go.